Oil prices have fallen to a three month low, and Associate Director of the Tulane Energy Institute says it’s because of an abundant supply. Smith says some companies jumped the gun and started drilling, expecting prices to rise, but the increase in supply pushed them back down. He says we’ve seen the number of oil rigs increase for the past three or four weeks in a row.
He says eventually oil prices will reach 60-dollars a barrel, but there will be ups and downs along the way.
Over a dozen Lafourche Parish Sheriff’s Deputies went to Dallas today to deliver checks to help the families of the officers who were killed in the July 7 attack. Sheriff’s Office spokesperson Brennan Matherne says the money was raised in just one day, and they were humbled by the love and support from the community.
Cut 7 (09) “our community”
While members of the Louisiana National Guard were training in Slidell, someone broke into their vehicles at the facility in Franklinton. Franklinton Police Maj. Justin Brown says there aren’t security cameras there yet because the facility is still under construction. He says they will continue to investigate until the culprit is behind bars.
Cut 11 (09) “being caught”
Brown says 25 vehicles were broken into.
The owners of a used car dealership in Lafayette are facing criminal charges for allegedly stealing thousands of state tax dollars. Byron Henderson with the Louisiana Department of Revenue says owners of Lauco Auto Sales, Shawn Calvit and Michael Vilchez, underreported the sale price of more than 100 vehicles and pocketed the sales tax difference. He says the value of the cars sold was more than $1 million.
Cut 15 (10) “sales tax”